Futu Holdings (FUTU) Net Margin (2018 - 2025)
Futu Holdings (FUTU) posted quarterly Net Margin of 122.4% for Q4 2025, up 3142.0% year-over-year from 3.78% in Q4 2024, and up 11.08% quarter-over-quarter from 110.19% in Q3 2025.
Futu Holdings (FUTU) Net Margin (2018 - 2025) Analysis & Trends
Futu Holdings' Net Margin history runs 8 years deep, the most recent figure standing at 122.4% for Q4 2025.
- In Q4 2025, Net Margin rose 3142.0% year-over-year to 122.4%; the TTM figure through Dec 2025 stood at 107.23% (up 1720.0% YoY), while the FY2025 annual figure was 47.81%, up 908.0% from the prior year.
- Net Margin for Q4 2025 stood at 122.4%, up from 110.19% in the prior quarter.
- The five-year high for Net Margin was 122.4% in Q4 2025, with the low at 58.21% in Q4 2021.
- The 5-year median for Net Margin is 90.83% (2022), against an average of 89.5%.
- The sharpest annual moves came in 2023 and 2024: Net Margin soared 5547 bps in 2023, then slumped 2957 bps in 2024.
- Futu Holdings' Net Margin stood at 58.21% in 2021, then jumped by 56 bps to 90.68% in 2022, then rose by 7 bps to 97.15% in 2023, then slipped by 6 bps to 90.97% in 2024, then soared by 35 bps to 122.4% in 2025.
- Business Quant data shows FUTU's Net Margin at 122.4% in Q4 2025, 110.19% in Q3 2025, and 100.42% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 338.83 Bn | 205.30 Bn | - | 25.46% |
| 2 | Goldman Sachs | 316.34 Bn | -660.01 Bn | - | 31.46% |
| 3 | Schwab Charles | 220.55 Bn | 135.80 Bn | - | 36.98% |
| 4 | Futu Holdings | 121.48 Bn | 105.59 Bn | 733.58 Mn | 122.40% |
| 5 | Robinhood Markets | 84.07 Bn | 66.74 Bn | 1.20 Bn | 42.89% |
| 6 | Iren | 68.17 Bn | 65.95 Bn | 104.86 Mn | -171.16% |
| 7 | ATIF Holdings | 45.42 Bn | 45.42 Bn | - | - |
| 8 | Interactive Brokers | 39.54 Bn | -3.28 Bn | - | 16.00% |
| 9 | LPL Financial Holdings | 28.27 Bn | 25.57 Bn | - | 7.31% |
| 10 | Tradeweb Markets | 23.53 Bn | 22.17 Bn | - | 36.98% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 122.40% |
| Sep 30, 2025 | 110.19% |
| Jun 30, 2025 | 100.42% |
| Mar 31, 2025 | 92.87% |
| Dec 31, 2024 | 90.97% |
| Sep 30, 2024 | 86.41% |
| Jun 30, 2024 | 87.97% |
| Mar 31, 2024 | 96.01% |
| Dec 31, 2023 | 97.15% |
| Sep 30, 2023 | 108.28% |
| Jun 30, 2023 | 117.54% |
| Mar 31, 2023 | 110.44% |
| Dec 31, 2022 | 90.68% |
| Sep 30, 2022 | 78.79% |
| Jun 30, 2022 | 62.07% |
| Mar 31, 2022 | 59.11% |
| Dec 31, 2021 | 58.21% |
| Sep 30, 2021 | 65.91% |
| Jun 30, 2021 | 66.93% |
| Mar 31, 2021 | 87.72% |